The Prospects for Prosperity in 1955

PUB. DATE

March 1955

SOURCE

New Republic;3/14/55, Vol. 132 Issue 11, p13

SOURCE TYPE

Periodical

DOC. TYPE

Article

ABSTRACT

The article discusses the economic conditions of the U.S. The United States now possesses an immense reservoir of idle men and other productive strength, pleading to be used to meet the needs. Between now and the end of this year, Americans can bring more than 2.5 million unemployed and new workers, the most skilled and productive in the world, into the stream of usefulness. Americans can, without inflationary strain, expand their total output for 1955 at least 6 percent above 1954, and by the fourth quarter of this year lift it to about 8 percent, or about $30 billion at an annual rate, above current levels. If Americans unsheathe fully the great non-secret weapon of their economic strength, they can more adequately and more easily serve their domestic needs and world responsibilities and also balance the Federal Budget.

ACCESSION #

14444454

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